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Every time my gf tells me to buy something (like HSY because hey everyone likes chocolate) and I don't it ends up outperforming the market.
Umph fucked around with this message at 05:28 on Sep 16, 2010 |
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Sep 16, 2010 05:24
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Good Fed Ex Earnings + Jobless claims unexpectedly down + Overseas purchase of U.S. assets up in July = ...futures down. e: misread the fed-ex numbers. Thoogsby fucked around with this message at 14:23 on Sep 16, 2010 |
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Sep 16, 2010 14:06
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Well I just made a stupid but really cheap trade... bought 15 FAZ OCT 28 calls. Scratch lotto ticket! Although I did initially consider scratch lotto SEPT 15 calls, but 15% by EOD tomorrow is asking a bit much. ayekappy fucked around with this message at 15:02 on Sep 16, 2010 |
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Sep 16, 2010 14:55
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Josh Lyman posted:Right. Because RIMM was at 45 and change, I bought calls at 47.5 and puts at 42.5. I'll close both positions on Friday. Just a n00b question: With this position you ideally would want RIMM to BOMB right? if it dropped below 42.5 the further it dropped the more $ you would be making right? Just trying to understand option plays. I read the Malcom Gladwell essay on the guy that wrote Black Swan. And I was captivated by the whole gambling theory they discussed.
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Sep 16, 2010 16:31
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imabmf posted:Just a n00b question: With this position you ideally would want RIMM to BOMB right? if it dropped below 42.5 the further it dropped the more $ you would be making right?
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Sep 16, 2010 16:47
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Short GME @19.60. I don't care how many nerds bought Halo that gap's going to fill.
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Sep 16, 2010 17:04
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Plastic Jesus posted:Short GME @19.60. I don't care how many nerds bought Halo that gap's going to fill. Autodesk just won a court ruling that could effectively make selling used games illegal also.
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Sep 16, 2010 19:32
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Josh Lyman posted:No. My downside is limited to the premium/commission. The closer it gets to either strike, whether up or down, the more I make. What leads your decision on the specific timing of your options plays like this? That is, when do you actually purchase your options and what information do you rely on? earnings edit: 
Eco RI fucked around with this message at 21:25 on Sep 16, 2010 |
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Sep 16, 2010 20:48
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RIMM beats earnings, up over 7% after hours Surprising to say the least
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Sep 16, 2010 21:20
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Everyone who put a straddle on rimm made bank assuming we open at this level tomorrow. Up almost 9% AH and 11% today so far.
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Sep 16, 2010 21:25
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The Good posted:Autodesk just won a court ruling that could effectively make selling used games illegal also.
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Sep 16, 2010 21:30
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Eco RI posted:What leads your decision on the specific timing of your options plays like this? That is, when do you actually purchase your options and what information do you rely on? My puts will be mostly worthless, maybe 5 cents, but I bought my 47.5 calls for 1.15 and the current spot is about 50.5 so that's a tidy return.
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Sep 16, 2010 21:53
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Eco RI posted:What leads your decision on the specific timing of your options plays like this? That is, when do you actually purchase your options and what information do you rely on? When I do options-based earnings plays I look at 1) the current Implied Volatility (IV) of the options and 2) the average percentage the stock usually moves around earnings. Take the IV, divide by the square root of 252 (the number of trading days in the year) and that tells you by what percent the market thinks the stock will move. If the market's pricing in a smaller move than what the stock normally does (or if I have reason to believe the move will be larger than normal) I'm a net options buyer. If the priced-in move is larger than what one would expect, I'm a net options seller. Note that this is for ATM options only, there are different considerations when trading OTM options. As for timing there's really no reason to buy sooner than the day before the announcement. You'll just be carrying the theta anchor while you wait, plus the underlying will move and your ATM contracts could become OTM (or vice-versa). Edit: Here's a discussion of a trade I like for earnings plays, the double calendar spread. Plastic Jesus fucked around with this message at 23:22 on Sep 16, 2010 |
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Sep 16, 2010 22:48
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BIOD has been absolutely unstoppable. Insider buying news after hours today should push this strongly up towards the PDUFA date. OREX activity has been fun to watch after the ARNA panel vote, wish I was in that.
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Sep 17, 2010 05:58
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Josh Lyman posted:I mostly trade equities, so I'll make an options trade if a high volatility event is incoming, i.e. earnings report. RIMM is especially notorious for large post-earnings moves. was looking at ORCL and RIMM 9/17 Calls right off the money near the end of the day, picked ORCL. picked the lesser of the two, too bad I only put a small bet. Dr. Jackal fucked around with this message at 07:43 on Sep 17, 2010 |
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Sep 17, 2010 07:39
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S&P 500 @ 1,131. Man your battle stations.
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Sep 17, 2010 14:39
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Thoogsby posted:S&P 500 @ 1,131. Man your battle stations. what is the play?
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Sep 17, 2010 14:48
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Well, that depends who you believe.
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Sep 17, 2010 16:04
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What do you guys think about AMD? They will be releasing Zacate later this year and planning to take over the mobile market. I definitely think that they can do it with this processor given its energy efficiency (18w), low price, and recent benchmarks: http://www.anandtech.com/show/3933/amds-zacate-apu-performance-update I'm extremely excited about this processor. It is perfect timing because HTPC's are just starting to take off. It's also the perfect basic desktop. They should be releasing it q4 2010.
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Sep 17, 2010 21:39
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Maybe this isn't the place for it but here goes: I'm looking to get into trading to maybe turn a small profit. For all intents and purposes I know pretty much ZERO other than "buy a shares for $1 it goes up to $1.50...make 0.50 per share minus fees" (which is probably more like .10 per share) I'd like to start reading on the subject but really don't know where to start from the recommended books in the OP. My goal it to maybe take the small amount of money that I can muster and trade on it to see what kind of bank roll I can get going. Is this stupid? I know most people recommend long term investing for retirement etc. and I'm working on that as well...kinda. I make about 33k a year and a lot of it is tied up in bills/living but I do manage to save a little (like...minscule). I'm also working a lot of overtime contract gigs that I'm devoting purely to savings and paying off debt. (for example I made $200 last week for a gig that I proudly dumped on paying off my credit card). Anyways not to derail myself, my plan is once I pay off some debts and the last 4k on my car I'm going to use the extra money gained by not having those payments plus extra duty gig money to turn into something to invest. In the meantime I plan on doing a lot of reading and virtual trading. Back to my original question: What books should I start with first for what I want to do? or can one of you smart gents point me into a better direction. My goal is to maybe one day have a decent bank roll because I'm pretty much set to never make a whole lot of money in my career but I figure by being a frugal gently caress and putting a little money in the right places I can make a lot more on the side. Am I pipedreaming? I mean I figured it'd be pretty easy to turn  into $30 mil in a year or so right guys  Nah in all seriousness...halp. Shachi fucked around with this message at 16:55 on Sep 19, 2010 |
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Sep 19, 2010 16:52
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I've been following Textainer (TGH) for a number of months now, although I currently don't have a position in them. At the time I found them through a stock screener and I liked their fundamentals. I held them for about two months, they hit my target price, I got out. Recently, I saw this article in Motley fool. One of the quotes says the following: quote:Textainer, the freight container leasing company, has been free cash flow-negative every year since 2006. I checked their cash flow statements and wasn't able to figure out how this was determined or if it was accurate. What am I missing? How do I find this information? If it is accurate, how dire are the implications?
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Sep 19, 2010 16:52
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Shachi posted:Am I pipedreaming? I mean I figured it'd be pretty easy to turn First, if you're only making 33k a year, you've not got anywhere near enough to trade; you want to have something like a $40-50k bankrole to avoid being ruined by commissions. Brokers generally charge per trade, not per share (except for huge trades); paying $5 to trade $5000 of stock is reasonable, but not to trade $50. Chances are that an hour spent clipping coupons or learning to cook cheaper food will earn you much more than an hour spent staring at stock charts or reading trading-for-dummies books. Pay off your loans, scrape together $2-3k for an emergency fund, and then start stuffing money away for a rainy day (read the investment thread). Trying to trade with what you've got now will just be a really, really expensive hobby.
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Sep 19, 2010 21:00
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I am of the opinion that Concur Technology (CNQR) cannot possibly grow fast enough to justify its current valuation. Surely they can't be the next VMWare. And while we're on the subject, I am skeptical that VMWare is the next VMWare.
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Sep 20, 2010 04:57
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Janin posted:Yeah, you're pipedreaming. Sorry. I am not much of an expert on the stock market but even I know this is the worst information ive read all day wtf. You do not need 50k to start anything unless you want to play the stock market like a casino.
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Sep 20, 2010 08:33
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Joink posted:I am not much of an expert on the stock market but even I know this is the worst information ive read all day wtf. You do not need 50k to start anything unless you want to play the stock market like a casino. If you want to turn into multi million in a year, you have to be buy lottery ticket options all day every day (and hitting it dead on all day every day). If you plan on investing as a method for retirement (not speculation) then I do not see why you couldn't start at 5k (buy & hold).If you are planning(like one should be?) on long term investment you should start with this thread. On the note of the recommended book(s) to start on, The Four Pillars of Investing is definitely a good book to start on (and if you are planning on saving, go borrow it from the local library!). I would highly recommend you don't do anything else other than reading from the start because trading will consume your life if you don't learn to manage it early on. edit: oh god grammar
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Sep 20, 2010 10:36
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BIOD 
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Sep 20, 2010 15:33
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Trading range officially broken, I can't believe that inverse H&S actually came true.
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Sep 20, 2010 16:00
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I'm out of RIG today at 60ish. I still think it's got a lot of upside but I got in at $44 and I'm just going to take my ball and go home.
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Sep 20, 2010 16:17
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Joink posted:I am not much of an expert on the stock market but even I know this is the worst information ive read all day wtf. You do not need 50k to start anything unless you want to play the stock market like a casino. Lets say he's not trading very much; only 1-2 trades per week. This means he's spending roughly $30 per month on commission alone; he'd need to pull in 3% per month just to break even. Now maybe I'm just not skillful at trading, but that seems like an awfully high percentage when the market itself averages something like 8% per year. (e: feel free to check my math, haven't had coffee yet) TOO SCSI FOR MY CAT fucked around with this message at 18:41 on Sep 20, 2010 |
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Sep 20, 2010 18:39
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He's fine with 5k if he just puts it all in QQQQ and forgets about it for 10 years or something.
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Sep 20, 2010 18:44
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Baddog posted:He's fine with 5k if he just puts it all in QQQQ and forgets about it for 10 years or something.
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Sep 20, 2010 18:46
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Hopefully it's alright to post here asking this but I was reading this page: http://www.gurufocus.com/news.php?id=107443 And I see that the CEO has been selling 10,000 shares of stock almost every week. Is there some limit to the number of shares he can sell every week?
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Sep 20, 2010 19:26
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Butthole Prince posted:Hopefully it's alright to post here asking this but I was reading this page: No, he's probably on a schedule to liquidate X number of shares over Y period. He files the plan ahead of time with the SEC and gets to sell them regardless of what insider information he has.
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Sep 20, 2010 20:40
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Bought EDU in the morning at 108.78. Looks good to me technically and fundamentally and I like the industry (education in china). Not sure about SLV right now, we may be reaching a top. I know there's at least one other here in this position. Any thoughts? Thoogsby posted:I'm out of RIG today at 60ish. I still think it's got a lot of upside but I got in at $44 and I'm just going to take my ball and go home. Still sticking in for me I think. I bought at 51 before it hit the bottom I have endured a ~15% downturn thus far, I'm milking what I can out of RIG. Nifty fucked around with this message at 22:02 on Sep 20, 2010 |
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Sep 20, 2010 21:56
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Josh Lyman posted:If we close above 1117 I'm buying an assload of OOM calls on SPY or FAS.
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Sep 21, 2010 03:17
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Thoogsby posted:Can anyone recommend me some resources for reviewing news by sector? Like say I wanted to get a feed of news about companies in the services sector. This probably got lost on the last page. Can anyone help a brother out?
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Sep 21, 2010 16:29
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Thoogsby posted:This probably got lost on the last page. Can anyone help a brother out? Kinda clumsy and I'm sure there's a better way, but you can just search for the SPDR sector ETFs on finviz and you'll get sector-related news. And you'll get amazing headlines like Bulls Dive Into Coke, THC.
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Sep 21, 2010 17:18
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I am interested in Forex and have done days and days of research so far and opened a demo account. I wont be using real money until I am comfortable in doing so, but I just want to know how much money some of you accumulated going this route? Also, do any of you do this as a full-time job (day trading)?
xzoto1 fucked around with this message at 19:49 on Sep 21, 2010 |
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Sep 21, 2010 18:52
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You could easily trade your way up from 1k/2k on options if you know what you are doing
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Sep 21, 2010 19:52
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kru posted:You could easily trade your way up from 1k/2k on options if you know what you are doing Yes, follow this guys advice. It's extremely easy to parlay 1k into a milllliiion dollars if you learn how to trade options! so easy, why didnt I think of it??
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Sep 21, 2010 21:55
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